The initial weeks of a marital separation are probably the most turbulent, uncertain part of the divorce process. The first few choices that spouses must make when they are contemplating divorce are important legal strategy decisions that require thoughtful consideration. Your divorce lawyer can help to assess the risks and possible consequences of those initial decisions. 1. Move out or stay put? Pennsylvania doesn’t recognize a legal separation as some […]
A recent decision of the Iowa Court of Appeals illustrates the perils of reliance upon industry rules of thumb to value a business in matrimonial litigation. In Marriage of Hagar (11/24/2010), husband and wife purchased a dry cleaning business from a trust established by husband’s parents as part of a business succession plan. Husband and wife agreed to a $300,000 purchase price that was determined by the companies’ accountant. The trust […]
If you are facing marital separation or divorce, consider whether to store the guns in a locker at a sporting club or a gun dealer, away from the marital residence.
In business, they say, cash flow rules. The same principle is true, I find, in divorce. I have been brainstorming a set of cash flow “rules” for divorcing spouses. Here is part one: 1. Never run out of cash. My #1 divorce rule is the as Inc Magazine‘s #1 business rule. In divorce, there is a period of time immediately following separation when a divorcing spouse’s cash flow may be […]